Fiscal effect in dividend distributions
The dividend irrelevancy proposition, which states that dividends have no impact on the market value of the firm, is only valid under the hypothesis of perfect markets. If market imperfections are considered, namely, the existence of taxes, then dividend distributions became relevant for the decisio...
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| Format: | article |
| Language: | eng |
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2015
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| Online Access: | http://hdl.handle.net/10400.5/9957 |
| Country: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/9957 |